Urban Outfitters beats on revenue and profit expectations

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The apparel retailer reported earnings per share of $1.10 on revenue of $1.27 billion. Analysts expected earnings per share of 89 cents and revenue of $1.25B. Revenue was up 8% from the same quarter last year.

Shares rose 2% in after-hours trading. They are up 43% so far this year.

Comparable retail segment net sales rose 5%, driven by growth in retail store and online sales. By brand, comparable retail segment net sales rose nearly 27% at Free People Group and 11% at Anthropologie Group. Sales fell 14% at Urban Outfitters.